Seven years. The greater of percentage structure or minimum annual guarantee of 225,000. They will operate a themed gift store called hello karl which is a name to the fog in San Francisco. It will include products from local artists. Hat makers and charles chocolates. The budget analyst rereviewed this list. Can we have the report, please . Yes. So the proposed resolution would approve the lease between airport and mrg with a term of seven years and guaranteed rent of 225,000 increasing each year. Over the seven year term the airport would receive at least 1. 75 million. We recommend approval of this resolution. Thank you very much. Lets take Public Comment. Any members of the public like to comment on item 6 . Seeing none it is closed. Supervisor mandelman. We only got one bidder here. For these leases we have been having difficulty finding bidders. We consider anything besides news stands. It is more expensive for the operators to come in and they have competition from online sales,
Cards. Do any members of the public wish to provide comment on the items proposed for continuance . Ok, for that, Public Comment is closed. Commissioner fung . I move approval of the continuances. I second. Thank you, commissioners. On that motion to continue items as proposed role call . So moved commissioners and that passed unanimously 50. Placing us consent calendar under constituted consent calendar are routine by the commission and may be acted upon by the role call. From the consent calendar considered as a separate item or a future hearing and item 3, case 2019006948c at 650 jackson street, conditional use authorization and 0045 crv, waivers from development standards, i have two speaker card for item 4 and you will assume people want to speak to that item and in order to do so, we will have to remove it from the consent calendar. Shall we hear that at the beginning. So item 3 on the consent calendar, commissioners. Commissioner fung im sorry, any members of the public have fur
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